ICICI Direct Vs HDFC Securities (Compare ICICI Direct and HDFC Securities)

ICICI Direct Vs HDFC Securities

Incorporated in 2000, ICICI Direct is a Full Service Broker. It offers trading at BSE, NSE. It has 154 branches across India. Incorporated in 2002, HDFC Securities is a Full Service Broker. It offers trading at BSE, NSE. It has 270 branches across India.

	ICICI Direct	HDFC Securities
Type of Broker	Full Service Broker	Full Service Broker
Exchnage Membership	BSE, NSE	BSE, NSE
Year of Incorporation	2000	2002
Number of Branches	154	270
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ICICI Direct Vs HDFC Securities Charges & AMC

ICICI Direct trading account opening charges is Rs 0 (Free) while HDFC Securities account opening changes is Rs 999. ICICI Direct Demat Account AMC Charges is Rs 300 (from 2nd year) and HDFC Securities Demat Account AMC Charges is Rs 750.

	ICICI Direct	HDFC Securities
Trading Account Opening Charges	Rs 0 (Free)	Rs 999
Trading Account AMC Charges	Rs 0 (Free)	Rs 0
Demat Account Opening Charges	Rs 0 (Free)	Rs 0
Demat Account AMC Charges	Rs 300 (from 2nd year)	Rs 750

ICICI Direct Vs HDFC Securities Brokerage

ICICI Direct brokerage charges for equity is 0.55% and intraday is Rs 20 per order whereas HDFC Securities brokerage charges for equity is 0.50% and intraday is 0.05%.

	ICICI Direct	HDFC Securities
Account Type	ICICI Neo Plan	Online Trading
Fixed Charges	NA	NA
Equity Delivery	0.55%	0.50%
Equity Intraday	Rs 20 per order	0.05%
Equity Futures	Rs 0 (Free)	0.05%
Equity Options	Rs 20 per order	Rs 100 per lot or 1% of the premium (whichever is higher)
Currency Futures	Rs 20 per order	Rs 23 per contract
Currency Options	Rs 20 per order	Rs 20 per contract
Commodity Futures	Rs 20 per order	0.02% for Intraday / 0.025% for positional
Commodity Options	Rs 20 per order	0.02% for Intraday / 0.025% for positional
Special Offer	Special Offer: ICICIDirect Neo Plan - Flat Rs 20 per trade brokerage (Intraday and F&O) + Free Account Opening + Get funds in 30 minutes from sell orders + Free trading tips. Open Instant Account Now	Special Offer: Rs 750 Demat account AMC fee waived off for the first year. Get HDFC 3-in-1 account, integrated trading + demat + saving bank account for seamless investing in stock market and mutual funds. Request a Callback.

ICICI Direct Vs HDFC Securities Brokerage Plan 2

	ICICI Direct	HDFC Securities
Account Type	I-Secure Plan	Online Trading
Fixed Charges	NA	NA
Equity Delivery	0.55%	0.50%
Equity Intraday	0.275%	0.05%
Equity Futures	0.05%	0.05%
Equity Options	Rs 95 per lot	Rs 100 per lot or 1% of the premium (whichever is higher)
Currency Futures	Rs 20 per order	Rs 23 per contract
Currency Options	Rs 20 per order	Rs 20 per contract
Commodity Futures	Rs 20 per order	0.02% for Intraday / 0.025% for positional
Commodity Options	Rs 20 per order	0.02% for Intraday / 0.025% for positional
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ICICI Direct Charges Vs HDFC Securities

Minimum Brokerage	Rs 35 per trade (I-Secure Plan)	Rs 25 plus taxes
Other Charges	Margin Trading Interest: 0.025% Per day
Call & Trade Charges	Rs 50 per trade	Rs 0

ICICI Direct Vs HDFC Securities Transaction Charges

ICICI Direct transaction charges for options is Rs 5000 per Cr (0.05%) (on premium) while HDFC Securities exchange transaction charges for options is 0.050% (on premium).

	ICICI Direct	HDFC Securities
Equity Delivery	NSE Rs 310 per Cr (0.0031%) | BSE Rs 280 per Cr (0.0028%) (each side)	0.00325%
Equity Intraday	NSE Rs 310 per Cr (0.0031%) | BSE Rs 280 per Cr (0.0028%) (each side)	0.00325%
Equity Futures	Rs 180 per Cr (0.0018%)	.00190%
Equity Options	Rs 5000 per Cr (0.05%) (on premium)	0.050% (on premium)
Currency Futures	Rs 120 per Cr (0.0012%)	0.00110%
Currency Options	Rs 5000 per Cr (0.05%) (on premium)	0.040% (on premium)
Commodity	Group A - Rs 260 per Cr (0.0026%)	NA
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ICICI Direct Vs HDFC Securities Leverage (Margin)

ICICI Direct margin for intraday trading is up to 6 times of the trade value based on the volatility of the stock whereas the HDFC Securities margin for intraday cash is up to 6x of the trade value based on the stock.

As per the new policy, the margin offered by the broker will be decided by the exchange from Sept 01, 2021. Brokers cannot offer 'additional margin' like 40x in any segment. All brokers will offer the same margin exposure or leverage.

	ICICI Direct	HDFC Securities
Equity Delivery	1x (no margin)	1x (no margin)
Equity Intraday	Up to 6x (based on the stock)	Up to 6x (based on the stock)
Equity F&O	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Currency Futures	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Commodity Futures	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
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Compare ICICI Direct and HDFC Securities Features

The trading platforms offered ICICI Direct include ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App. HDFC Securities offers ProTerminal, Blink, smallcase, Voice Enabled Investing, Mobile Trading App, Digify trading software.

	ICICI Direct	HDFC Securities
3 in 1 Account
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform	ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App	ProTerminal, Blink, smallcase, Voice Enabled Investing, Mobile Trading App, Digify
Intraday Square-off Time	3:30 PM	3:30 PM
Other Features	Bullet Trading, Can trade in 32 exchanges through Saxo Trader	E-Margin, ENCASH,
Referral Program
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ICICI Direct Vs HDFC Securities Review

ICICI Direct is rated 2.4 of 5 based on 449 customer reviews whereas HDFC Securities is rated 2.2 of 5 based on 207 customer reviews.

	ICICI Direct	HDFC Securities
	449 Customer Reviews	207 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	ICICI Direct is rated 2.4 of 5 based on 449 customer reviews	HDFC Securities is rated 2.2 of 5 based on 207 customer reviews

ICICI Direct Vs HDFC Securities Investment Options

	ICICI Direct	HDFC Securities
Stock / Equity
Commodity
Currency
IPO
Mutual Funds
Bond / NCD
Debt
Other Investment Options	Equity, Derivatives, Currency, Mutual Funds, ETF, Insurance, FD/Bonds, Loans, Tax, ELocker, NPS	Insurance, FD, NCD, Bond, NPS, Loan, NRI Trading

ICICI Direct Vs HDFC Securities Order Type Offered

	ICICI Direct	HDFC Securities
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
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ICICI Direct Vs HDFC Securities Research Report

	ICICI Direct	HDFC Securities
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

ICICI Direct Vs HDFC Securities Suitable For Investor Type

	ICICI Direct	HDFC Securities
Casual Investor
Active Investor
Trader

ICICI Direct Vs HDFC Securities - Pros and Cons

	ICICI Direct	HDFC Securities
Pros	Offers 3-in-1 account which makes stock market investment very easy for casual investors. Wide range of investment options available under one portal. Provides a low bandwidth website which works well where internet connection is slow. GTC (good till cancellation) and off-market hours order placement facility is very useful.	The 3-in-1 account, which includes HDFC Bank Account, HDFC Securities Trading Account and HDFC Securities Demat Account, is the best offering for retail investors in India as it provides easiest way to invest in stock market and other financial instruments.
Cons	ICICI Security charges highest brokerage in comparison to most of the retail brokers in India. Very high 'minimum brokerage' of Rs 35 per trade or 2.5% of the trade value whichever is lower. Poor performance of website is reported in peak hours of trading. Trading Terminal (Trade Racer) cost Rs 75 per month if brokerage paid in a month is less then Rs 750. Demat Account is mandatory. Call & trade cost extra Rs 50 per trade in Neo/Prime Plans.	In addition to opening a trading account with HDFC Securities Ltd, you will also be required to open a savings bank account (quarterly minimum balance of Rs 5000) and a DP (depository participant) account with HDFC Bank. Very high brokerage charges Charge minimum brokerage of Rs 25
Reviews
Promo / Offers	ICICIDirect Neo Plan (Discount Brokerage) Open a 3-in-1 account with Neo Plan for: Free Account Opening Brokerage-Free Equity Futures trading Flat Rs 20 per trade brokerage (Intraday and F&O) in BSE, NSE and MCX Free trading tips Get funds in your bank account in just 30 minutes of selling stocks Interested in opening a trading account? Open Instant Account Now	HDFC 3-in-1 Account HDFC Securities offers a full-service 3-in-1 account, a combination of saving bank, trading and demat account. One account to investment in Equity, Derivatives, Mutual Funds, IPO and Fixed Deposits. Special Offer: Rs 750 demat account AMC is waived when you open your 3-in-1 account. Interested in opening a trading account? Request Callback from a stock broker.
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